Holiday Contest Brought To You By CoinCards.ca [Closed]

Comments

The 5% fee is the standard for any giftcard company dealing in Bitcoin: GYFT and YestoBitcoin charge the same rate. As with any service, with a fee, everyone needs to decide if the value is there for them to use a service.

Let's keep this thread on topic: someone in this community will have the chance to win $50 fromcoincards.ca.

We can discuss the business model elsewhere on this forum, if we need to. I am sorry if this comes off harsh, but it's really tough to get these kinds of promotions going and I don't want us to alienate other companies from wanting to be generous or have this thread devolve into this kind of debate.

Just to chime in on the fee aspect. I don't get cards in bulk so I do not get any discounts on cards myself. I am paying retail price, and my fee is simply to make it worthwhile on my end for processing and transacting. As it is now, I make about 80 cents on a $20 gift card electronic gift card.

5% can seem like a lot at times, but keep in mind that bitpay also takes their 1% of my 5%.

I do this because I love Bitcoin and I actually would love to present companies data that they should simply start accepting btc.

There is another thread on this forum in regards to my business where I am welcome suggestions and comments in regards to my business model.